I have a 1949 Chrysler with the 251 flat six and fluid drive. To my knowledge the bell housings are the same and it should bolt on. Did a swap back in the late 60's putting a Plymouth engine in another 49 Chrysler, all done and driving in two days. Plymouth had the regular 3 speed and the Chrysler was Fluid Drive.
You can use "Universal Tractor Fluid #134 in the Fluid Drive without a problem. Second best is Ford ATF Type F Fluid.
Check out this site...scoll to bottom of page for a good atricle on Fluid Drive.
http://www.merc583.addr.com/mopar/framesets/techtipframeset.htmlGood Luck